When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
UBG - Don't Mind The Correction: Why Gold Is Going Much Higher Long Term
UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Source: AsiaTimes.com
Gold has been in a downtrend for more than three months now. Ever since the yellow metal hit a price of roughly $1,566 in early September, gold has been melting, making lower highs and lower lows. Gold is now roughly 6% below its recent highs and appears to be stuck in a prolonged downward sloping trading range.
Image Source: StockCharts.com
The problem? The economy seems to be back in stable mode, the employment picture is robust, inflation is in the Goldilocks zone, and the stock market is back at new all-time highs. Therefore,